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For Sale – Prominent West End Office/Development Opportunity

Status: For Sale
37, Otago Street, Glasgow, G12 0JJ
Offers Over, £2,100,000
  • Sizes:
  • 16934 sqft,
  • 1573 ㎡

Type: Purchase

For Sale

Summary

  • Located in the heart of Glasgow’s sought-after West End.
  • Potential for residential or mixed-use redevelopment (subject to planning).
  • Income producing asset.
  • Dedicated car parking located to the rear – 10 spaces and lock up garage.
  • Total GIA – 1,573 sq.m. (16,934 sq.ft.) approx.
  • Offers over £2.1m are invited.

Location

The property is situated in a prime position on the East side of Otago Street, just a short distance from Great Western Road in Glasgow’s thriving West End.

The property benefits from superb public transport links, with Kelvinbridge and Hillhead Subway Stations within easy walking distance, in addition to frequent bus services and convenient road access to the M8 motorway and Clyde Tunnel.

The surrounding area is a mix of residential, commercial, and Glasgow University educational buildings, offering an excellent range of amenities including cafés, restaurants, bars, independent shops, and green spaces such as Kelvingrove Park and the Botanic Gardens.

Description

The premises comprise a traditional sandstone building with secure entry and passenger lift access to all floors.

The building is currently fitted out for office/studio space and includes cellular and open-plan rooms with toilets and kitchen facilities on each floor.

Externally, the property benefits from rear car parking for 10 spaces.

The character and proportions of the property lend themselves well to alternative uses including conversion to residential flats (subject to planning).

ACCOMMODATION

Floor     Sq.m.     Sq.ft.
Basement       279.73          3,011
Lower Ground       267.00          2,875
Ground       215.63          2,321
First       227.33          2,447
Second       213.12          2,294
Third       216.46          2,330
Fourth       153.85          1,656
Total   1,573.00       16,934

 

ENERGY PERFORMANCE

A copy of the Energy Performance Certificates (EPC) for the subjects are available upon request.

NON-DOMESTIC RATES

According to the Scottish Assessors Association, the property has the following Rateable Values:

Floor Rateable Value
Basement         £15,000
Lower Ground         £15,000
Ground         £14,600
First         £13,600
Second         £12,700
Third         £12,900
Fourth          £8,300


PLANNING

The property has an existing Class 4 office use, however, we believe the subjects offer considerable potential for a wide variety of uses such as residential accommodation, serviced flats, student accommodation or hostel premises.

Naturally, such uses would require planning consent for development/change of use. Parties should however make their own formal inquiries concerning change of use and development to:

Glasgow City Council (Planning Department)
T: 0141 287 8555
E: planningenquiry@glasgow.gov.uk

SALE TERMS

Offers in excess of £2,100,000 are invited for the purchase of our Client’s heritable interest subject to, and with the benefit of the existing occupational leases. Further information can be requested through the Selling Agents.

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Contact Details

Branch: Glasgow North
Telephone:
Email: Leah.Sellers@dmhall.co.uk
Agent Bio: View here
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